Chainlink (LINK) Price: LINK Surges 10% and Eyes $15 Target as Volume and Open Interest Rise
TLDR
- LINK surged 7.06% in 30 minutes, reaching $13.308, with a 24-hour gain of 10.83%
- 24-hour trading volume climbed 25% to over $503 million
- Open interest rose 8.26% to $696.89 million, showing stronger derivatives participation
- Analysts eye $14.50–$15 as the next target zone, with $20 as a longer-term goal
- Wyoming’s FRNT stablecoin adopted Chainlink Proof of Reserve, adding real-world utility
Chainlink’s LINK token has posted strong gains over the past 24 hours, climbing more than 10% as trading activity picks up and analysts watch key resistance levels closely.
At the time of writing, LINK is trading at $13.308 after surging 7.06% in just 30 minutes. The token hit a 24-hour low of $12.111 before pushing to its current high.
Trading volume over the past 24 hours reached approximately $503.90 million, up 25% from the previous day. Open interest in LINK derivatives rose 8.26% to $696.89 million, pointing to increased exposure among futures traders.
The LINK price broke out of a prolonged consolidation range between $7.20 and $8.50. It is now trading above the 20-day moving average of $11.39, with the Bollinger Bands widening to reflect growing price momentum.
… Continue reading the full article at the original source below.
